Alicanto Minerals Extends Known Mineralisation at Sala
Alicanto Minerals (ASX: AQI) released results from drilling and rock-chipping that has continued to extend the known mineralisation within the company’s polymetallic Sala silver-zinc-lead-copper-gold project in Sweden.
Alicanto reported high-grade rock chips up to 1480 grams per tonne silver, 10.3 per cent zinc from new areas while drilling results highlighted the potential of the Sala project.
The company also released step-out drilling results that returned silver-zinc-lead intersections that extended the known mineralisation, which remains open.
The results included:
SAL21-07
3.5m at 237g/t silver, 2.8 per cent zinc, 4.6 per cent lead from 488m;
SAL21-09
5.6m at 144g/t silver, 0.1 per cent zinc, 0.6 per cent lead from 231.2m; and
SAL21-11
4.4m at 283g/t silver, 3.9 per cent zinc, 1.9 per cent lead from 107.2m and 6.4m at 120g/t silver, 1.3 per cent zinc, 0.5 per cent lead from 258.6m, including 1.4m at 413g/t silver, 2.6 per cent zinc, 1.3 per cent lead from 258.6m.
“The latest results further highlighted the immense potential to establish a project with genuine scale,” Alicanto Minerals managing director Peter George said.
“These results support our strategy to build a substantial resource at Sala with the potential to underpin a stand-alone operation.
“We are well funded for 2022 with our recent $7 million capital raising and we continue to grow the boundaries of the known mineralisation at Sala.”
Alicanto Minerals is conducting exploration campaigns in Sweden’s mining region of Bergslagen.
The first of these is targeting extensions of the historic Sala silver-zinc-lead deposit and the second involves greenfields exploration around the Greater Falun copper-gold and polymetallic skarn project.
Alicanto’s strategy rests on discovering, growing and developing precious and base metal resources in the tier-one location of Sweden.
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